Peabody Energy reports Q1 EPS 29c, consensus 31c

Reports Q1 revenue $983.6M, consensus $991.07M. “We are reaffirming our full year guidance as the previously announced production challenges in the first quarter are behind us,” said CEO Jim Grech. “We continue to take steps to further weight our long-term cash flows to metallurgical coal, and the Wards Well acquisition extends the mine life of Centurion to 25+ years and substantially increases the expected long-term value from our premier hard coking coal growth project.”